City
Epaper

New Zealand's annual food prices hit 36-year high

By IANS | Updated: May 11, 2023 14:50 IST

Wellington, May 11 New Zealand's food prices in April 2023 were 12.5 per cent higher than they were ...

Open in App

Wellington, May 11 New Zealand's food prices in April 2023 were 12.5 per cent higher than they were in the same period last year, hitting a 36-year high, according to figures released by the statistics department on Thursday.

Stats NZ said that in April 2023, the annual increase was due to rises across all the broad food categories the department measures, reports Xinhua news agency.

Compared with April 2022, grocery food prices increased by 14 per cent, and fruit and vegetables prices increased by 22.5 per cent.

"The 12.5 per cent annual increase in April 2023 was the largest since September 1987 which included the introduction of GST (goods and services tax) in 1986," Stats NZ consumer prices manager James Mitchell said.

Increasing prices for barn or cage-raised eggs, potato chips, and six-pack yogurt were the largest drivers within grocery food," Mitchell said, adding these were the same drivers for grocery food last month.

The second-largest contributor to the annual movement was fruit and vegetables.

The increase was driven by tomatoes, avocados, and potatoes, he said.

Monthly food prices rose 0.5 per cent in April 2023 compared with March 2023, statistics showed.

Restaurant meals and ready-to-eat food increased by 1.7 per cent and was the largest contributor to the monthly food price increase, Mitchell said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: WellingtonStats nzJames mitchellXinhuaDaniel WellingtonNew ZealandersWellington SquareNew ZealanderReserve Bank Of New ZealandThe New Zealand HeraldNew ZealandIndia New ZealandNew Zealand Pakistan
Open in App

Related Stories

MumbaiMumbai: Crime Branch Arrests Thane Man for Rs 67 Lakh Scam Using Fake Visas and Jobs

InternationalEarthquake in New Zealand: Quake of Magnitude 6.8 Hits Riverton Coast

MumbaiMumbai Shocker: A Female posted at Australian Navy Molested In Mumbai, Accused Driver Arrested

CricketNZ vs PAK 2025: Hasan Nawaz Breaks Ex-Captain Babar Azam's Record of Scoring Fastest T20I Century For Pakistan

CricketNZ vs PAK 3rd T20I 2025: Hasan Nawaz Sets New Powerplay Record for Pakistan in T20Is

International Realted Stories

International"Munir made inflammatory, provocative, and communally poisonous statements": Jairam Ramesh slams Pak army chief

InternationalIsraeli scientists identify protein that could prevent painful food allergy disease

International“Days of Ruthlessly Killing or Hurting Innocent People Are Over!”: Donald Trump Announces Federal Takeover of DC Police, Mobilisation of National Guard

InternationalJSMM Chief Shafi Burfat labels Pak army chief Asim Munir a global threat, calls for international sanctions

InternationalChina-Pakistan alliance has evolved beyond conventional arms transfers: Report